CABINET CRISIS.

Poverty Bay Herald, Volume LI, Issue 16895, 27 November 1925, Page 12

CABINET CRISIS.

MOST DIFFICULT IN REPUBLIC’S

HISTORY. SOCIALISTS THE STUMBLING BLOCK. !Elec. Tel. Copyright—United Press Assn.) (Australian and N.Z. Cable Association.) ( Received November 27, 2 p.m.) PARES, Nov. 2(5. The Cabinet crisis is perhaps the most difficult, in the history of! (ho Third Republic. Tho attitude of the Socialists remains a stumbling-block. A split in their ranks is now threatened on the question oil joining the Cabinet. Finance dominates the sit nnt ion. At. IJerriott conferred with the Socialist leaders and promised to do Iris utmost to avoid inflation, but the measures he indicated, including the stamping of notes for the purposes of revenue instead of a fresh issue of! notes, have not yet succeeded in overcoming their objections. Conversations with the Socialist leaders proved fruitless. They announced they sympathised with his attempts to .form a Ministry, but docliued lo participate therein. HEIUUOT ABANDONS ATTEMPT. (Reuter’s Telegram.) (Received November 27, 1 p.m.) PARIS, Nov. 26. M. Herriofc has abondoned his attempt to form a- Cabinet. A resolution passed! at the Socialist party meeting declares readiness, if it lakes office, to carry out its financial programme, either alone or in collaboration with the parties of Republican democracy, but it will lie impossible to reach an agreement on the financial situation among all the parliamentary representatives of the Left, especially as regards the question of inflation. On ihe other hand, the measure of authority and responsibility which the Socialists would enjoy in a Herriot combination does not offer sufficient scope for the exercise of the bold 1 decisive measures imperatively demanded, therefore the party is nimble to co-operate with M. ilerrict. The decisive measures mentioned refer to the Socialist plan for a capital levy.